The owners have rather brash vendors who has insisted on a preliminary agreement with a non-refundable deposit of 5k. Are such agreements sensible?
Exclusivity agreements are agreements between a property seller and purchaser granting the buyer the sole right to the sale of the property for a certain period of time. Essentially, an exclusivity is a document stating that you will receive a contract at a later time being the main conveyancing contract. It is generally utilised for buyer confidence though in many situations, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to using an agreement but you should to check with your conveyancer but beware that it may end up costing you extra in conveyancing charges. For these reasons these agreements are not popular when it comes to conveyancing in Burton Joyce.
We note that you have a post code search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Burton Joyce?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Burton Joyce.
What can a local search inform me concerning the house my wife and I purchasing in Burton Joyce?
Burton Joyce conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Xpress Legal The local search is essential in every Burton Joyce conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
We're first time buyers - had an offer accepted, yet the selling agent has warned us that the owners will only move forward if we use the agent's chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer used to conveyancing in Burton Joyce
We suspect that the owner is unaware of this request. Should the vendor require ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your preferred Burton Joyce conveyancing solicitors - not the ones that will earn the estate agent a commission or meet his conveyancing figures demanded by head office.
I’m about to sell my 2 bed flat in Burton Joyce. Conveyancing has not commenced, however I have recently received a yearly maintenance charge invoice – what should I do?
The sensible thing to do is clear the invoice as normal given that all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Burton Joyce Conveyancing for Leasehold Flats - A selection of Queries before buying
You should want to find out as much as possible regarding the company managing the building as they can either make your living at the property much simpler or much more difficult. As the proprietor of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to day to day matters like the upkeep of the common parts. You should not be shy to ask other people whether they are happy with them. Finally, investigate as to the dates that the maintenance charges are due to the managing agents and precisely what you get for your money. Many Burton Joyce leasehold flats will have a service bill for the upkeep of the block set by the landlord. Should you acquire the property you will have to pay this contribution, usually in instalments throughout the year. This could differ from a few hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a ground rent for you to pay yearly, ordinarily this is not a significant figure, say around £50-£100 but you should to check as occasionally it could be many hundreds of pounds.